$1.2 trillion cuts woil wo have a devastating impact on defense and other programs. the white house office of management and budget says it would have to cut $109 billion in defense programs with medicare, markets rallied as bond purchase program starts to take affect. your bloomberg silicon valley closing higher, also and there is time yet again. there are holiday spending plans already, walmart coming out with top 20 toys so kids may be asking for, get ready, start sthoping, get your furbie. there is leap pad two is second followed by v tech tab blet. larry, back to you.